LV= launches flexible lifetime mortgage

The LV= Flexible Lifetime Mortgage is available to those aged 60 to 95 with a minimum drawdown of £10,000. The mortgage offers homeowners a 15-year guarantee on how much can be drawn down, which is not affected by interest rates or house prices. Homeowners can take an initial amount of at least £10,000, followed by additional withdrawals of £2,000 or more. Vanessa Owen, head of equity release at LV=, says: “What is fundamentally important for us as a mutual organisation is that it offers homeowners a choice of retirement solutions – they can withdraw the funds they need when they need th...